๐จ
$IOST REJECTED AT RESISTANCE โ BEARISH CONTINUATION IN PLAY! ๐
Entry: 0.000598 - 0.000603 โก
Target: 0.000585 / 0.000565 / 0.000541 ๐ฏ
Stop Loss: 0.000624 ๐
The recovery attempt just got rejected right below the supply shelf, confirming sellers are still running the show. ๐ Price remains locked under that resistance, and as long as that holds, the path of least resistance points toward the liquidity below. ๐
This is classic distribution: a weak bounce into a previous imbalance followed by renewed selling pressure. ๐ The levels are tight, the structure is clean, and the downside targets offer a compelling risk-to-reward for a short. Keep an eye on
$DEXE and
$BTC for broader risk sentiment. Are you fading this rejection or waiting for a retest of the broken order block before committing short? ๐ฌ
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#IOST #ShortSetup #BearishContinuation #Crypto ๐ ๐ฆ